Founded in 2011, Impossible Foods is considered the #1 plant-based meat company by technology, scale, and growth. Based in California, this food technology company makes the global food system truly sustainable by making meat, fish, and dairy products from plants. The company uses modern science and technology to create wholesome food, restore natural ecosystems and feed a growing population sustainably.
The Company touts its reliance on fewer environmental resources -- such as land, water, and CO2 emissions -- than what’s necessary to produce meat thereby being significantly "GREENER" than the traditional meat industry. Over 190 IP's were created to give Impossible Foods' plant-based meat the texture, flavor, and appearance of real meat. Its products give people the flavor and appearance of meat without the negative impact on the environment.
ESG Impact: Resource consumption with Impossible Beef is significantly reduced across Water by 87%, CO2 emission by 89% & Land usage by 96%. The food-tech industry has grown exponentially from US$1B in 2019 to US$5B in 2021 with Impossible Foods holding a leading industry position as the No.1 plant-based meat company by growth and scale
World-class partners & distribution channel: Impossible Foods’ worldwide reach is a result of its partnership with global brands (e.g. Walmart, Costco, Starbucks Coffee & Disney among many more), strong retail distribution channels, and a diversified product mix that has international market potential.
International Market Expansion: In 2021, Impossible Foods entered the Australian market in collaboration with Grill’d which replaced the burger chain’s former partnership with Beyond Meat in 2020.
Future Growth Strategy: The company will be focusing on its technology, international expansion, and a potential IPO in 2022. The entry valuation of US$7.35B represents a significant valuation discount against its peers.
Investor Base: Strong investor base with participation from Singapore-based investment company Temasek, Khosla Ventures, Google Ventures, Horizon Ventures, and UBS. Celebrities who have also become investors include Bill Gates, Serena Williams, and Katy Perry
The company has the potential to become a public listed company on one of the global stock exchanges sometime next year as it becomes more common on the menus in America's biggest restaurants.